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EWN reports that the SA Canegrowers Association has welcomed Finance Minister Enoch Godongwana’s announcement of a 12-month delay in the increase of the so-called sugar tax.
It was meant to have been hiked on Friday. The Association said the move was a reprieve for struggling cane farmers and the broader industry. The Association's Thomas Funke said there would have been even further job and revenue losses if the planned increase had gone ahead. "The increase would have exacerbated the challenge the industry already faces due to rising incurred costs, in particular diesel fuel is already 40% higher than March 20221 and fertilizer has increased by more than 160% compared to last year. It is critical that government focuses on the long-term implications of keeping the tax in place," he commented.
- Read the original of the short report in the above regard by Dominic Majola at EWN
Get other news reports at the SA Labour News home page